Economic recovery in Indonesia is expected to continue in 2022 because of the growth in investment and the continued strength of exports, according to UOB. UOB forecasts that the country’s 2022 baseline economic growth stays at 5%, within a range of 4.7-5.3% for...
Recovering from the negative economic impact of the Covid-19 pandemic, Vietnam’s exports of timber and non-timber forest products were estimated to have reached a value of USD 15.6 billion in 2021, an increase of 18% compared to 2020. Today, the Southeast Asian...
Thailand’s Board of Investment (BOI) has recently revealed that the total number investment applications received in 2021 rose by close to 60% boosted by foreign investment (FDI) pledges in tech sectors and projects in the bio, circular and green industries, as...
The Philippine Economic Zone Authority (PEZA) said that it has approved the registration for the PHP 125-billion (USD 2 .4 billion) Quezon Techno-Industrial Special Economic Zone (QTISEZ) project, which will be the largest economic zone in the country. Local firm...
The Ministry of Trade and Industry (MTI) announced that Singapore’s economic growth in 2021 came in at 7.6%, up from the previous estimate of 7.2%. This growth figure was driven by the manufacturing, finance, insurance and wholesale trade sectors. The 2020 growth...
A total of USD 39 billion haS been invested by US companies into the Malaysian economy despite challenges posed by the COVID-19 pandemic, according to the American Malaysian Chamber of Commerce (AMCHAM) in its 2020/21 Economic Impact Survey (EIS). Around 71% of the...
According to the Da tu (Investment) newspaper, Vietnam expects foreign direct investment (FDI) to increase in 2022 and subsequent years, with positive signals seen as early as this year. The first FDI project receiving an investment license in Vietnam this year, with...
Malaysia ranked first among emerging Southeast Asia in terms of potential in attracting foreign investors, as demonstrated by Milken Institute’s Global Opportunity Index for 2022. Malaysia is Asia’s third-largest bond market (behind Japan and the Republic of...
Indonesia recorded an FDI of IDR 454 trillion (USD 31.6 billion) in 2021, a 10% increase over the previous year. It aims to boost total investment by a third in 2022, bolstered by an influx of investment into its resource-processing sector. The country’s goal is...
In January 2022, Saudi Arabia and Thailand restored full diplomatic ties, following more than 3 decades of frozen relations. The rapprochement comes in parallel with a joint declaration that the parties will explore joint investment in fields ranging from energy and...
Singapore’s Economic Development Board (EDB) announced that it had pulled in SGD 11.8 billion (USD 8.8 billion) worth of fixed-asset investments in 2021, in line with its medium-to-long-term annual target of SGD 8 to 10 billion. Additionally, EDB recorded SGD 5.2...
The Philippine Economic Zone Authority (PEZA) is engaging more US firms to invest in the country’s economic zones and take part in promoting stronger bilateral relations between both countries. According to the director general of PEZA, the US continues to be one of...
